Long Term Care Certification Practice Test

What type of coverage do employees usually lose when changing employers?

1. Health insurance

2. Retirement benefits

3. Group long-term care insurance

4. Life insurance

The correct answer is: Group long-term care insurance

When employees change employers, they typically lose group long-term care insurance coverage. This type of insurance is often provided as part of a benefits package and is specifically tied to employment. Group long-term care insurance is designed to cover the costs associated with long-term care services, such as assistance with daily living activities. When an employee leaves their job, the group policy usually terminates, and they may need to seek individual coverage if desired. Individual long-term care policies can be more expensive and may involve different underwriting processes compared to group policies. In contrast, health insurance coverage may be continued through COBRA in many situations, retirement benefits are often portable and can be transferred or rolled over to another retirement plan, and life insurance can sometimes be converted to an individual policy, allowing some degree of continued coverage. Therefore, group long-term care insurance is the type of coverage most employees lose when transitioning to a new employer.